FedEx Corp. revised its revenue outlook sharply lower amid weakening global trade and sagging industrial production, causing shares to fall nearly 13% in trading Sept. 17. On Memphis-based FedEx’s fiscal 2020 first-quarter earnings call, company executives lowered their earnings per share (EPS) outlook by 20%, citing a slowdown in cargo shipments because of the ongoing trade spat between the US and China. “Our performance continues to be negatively impacted by a weakening ...

Subscribe to Access this Entire Article

"FedEx lowers revenue outlook on weakened global trade" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? Log in here.